- IMF's Managing Director Georgieva: An exceptionally large number of countries simultaneously require emergency financing
Market news
26 March 2020
IMF's Managing Director Georgieva: An exceptionally large number of countries simultaneously require emergency financing
- IMF's projectsthat there will be a contraction in the global output in 2020 and a recovery in 2021
- Depth of contraction and speed of recovery depend on containment of pandemic
- Targeted fiscal support to households, businesses needed otherwise it will take years to overcome bankruptcies and layoffs
- Emerging markets are the main focus of attention
- Asked G20 to double emergency financing capacity, to boost global liquidity through sizeable SDR allocations
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